The history of relations between Russia and Mongolia speaks to the fact that, as neighbouring countries, Russia and Mongolia are natural partners capable of satisfying each others strategic needs on mutually beneficial terms. Developing trade and economic relations between Russia and Mongolia is a response to the longstanding mutual interests of both nations. Discussions are ongoing between Russian and Mongolian entrepreneurs on the priority areas and opportunities for joint business activities, with both parties highlighting their mutual interest in advancing trade and economic relations between the two countries. Developing SMEs is a priority area for state socioeconomic policy in Russia and Mongolia. In the present conditions, the issue of state support to SMEs is becoming ever more relevant, as SMEs play a key role in securing the economic, social and political stability of society. Of special significance is the development of cross-border cooperation between Russia and Mongolia. Russias border regions with Mongolia include the Republics of Buryatia, Tuva and Altai, Irkutsk Region and Zabaikalye Territory, which are located in the Far Eastern and Siberian Federal Districts. A presentation of Russian and Mongolian projects showing potential in terms of developing cross-border partnership will take place as part of a roundtable discussion, along with a discussion of measures and tools to support SMEs. The SME Corporation intends to sign a Memorandum of Understanding with the Mongolian side.